All chargeable assets are subject to Capital Gains Tax when disposed at a gain aside those specifically exempted by the Act.
The rate is charged at a flat rate of 10% of chargeable gains.
Capital Gains Tax Act, Cap C1 LFN 2004 (amended)
Kindly click the link below to download the Capital Gain Tax Law
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SIAO is an independent Nigerian professional services firm, providing Audit & Assurance, Accounting, Tax, International Financial Reporting Standards Advisory, Human Resource, and Financial Advisory Services.
Plot 256, Zone A
Off Herbert Macaulay Way
Behind Unity Bank Building
Central Business District
18b Olu Holloway Road,
(Former Temple Road),
Off Kingsway Road,